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Earnings Per Share
 6 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

C. EARNINGS PER SHARE

 

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

March 31,

 

March 31,

 

2013

 

2012

 

2013

 

2012

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income

$
6,818 

 

$
7,411 

 

$
14,203 

 

$
5,666 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 
11,953 

 

 
11,762 

 

 
11,946 

 

 
11,765 

Dilutive effect of stock options and restricted stock units

 
76 

 

 
73 

 

 
75 

 

 
71 

Weighted average diluted shares with assumed conversions

 
12,029 

 

 
11,835 

 

 
12,021 

 

 
11,836 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$
0.57 

 

$
0.63 

 

$
1.19 

 

$
0.48 

Diluted

$
0.57 

 

$
0.63 

 

$
1.18 

 

$
0.48 

 

All options were included in the computation of diluted earnings per share for the three and six months ended March 31, 2012, as the options' exercise price was less than the average market price of our common stock.  All outstanding options expired in June 2012.